Indices at previous closing
Nifty50: 16,167 ▼ 72 (-0.4%)
Sensex: 54,088 ▼ 276 (-0.5%)
Nifty Bank: 34,693 ▲ 210 (+0.6%)
SGX Nifty: 15,995 ▼-172 (-1.0%)^
For more updates on F&O, click here.
The Nasdaq went haywire after the US government released the April inflation data yesterday. The RBI will release its own inflation numbers today, so let's keep our fingers crossed.
Novelis’s new plan(t) 🏭
Hindalco’s US-based subsidiary, Novelis, will invest $2.5 billion to build a low-carbon recycling and rolling plant in Alabama, USA. More than half of its initial capacity of 600 kilotonnes will be used to make aluminium beverage can sheets. The plant will begin commissioning in mid-2025.
US inflation peaked? 🤞
Consumer prices in the US moderated for the first time in eight months as fuel prices cooled off. Inflation grew by 8.3% in April, lower than the 8.5% rise in March. A slow rise in consumer prices could indicate that inflation has touched a peak.
Only crunch, no munch 🛵
Getting that ‘all delivery partners are busy’ notification when ordering food from the app recently? Online food-ordering platforms such as Zomato and Swiggy are reportedly facing a shortage of delivery executives across metros. According to Swiggy, the cricketing and festive season has led to increased demand for food as well instant grocery delivery.
Fact of the day
Microsoft said that more than 10 million people have played video games by streaming them through its Xbox Cloud Gaming.
Source: The Verge
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